Scotts Miracle-Gro (NYSE:SMG) Stock Price Target Lowered at JPMorgan Chase & Co.

Scotts Miracle-Gro (NYSE:SMG) had its target price reduced by research analysts at JPMorgan Chase & Co. from $70.00 to $67.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage currently has a “neutral” rating on the basic materials company’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 1.01% from the stock’s current price.

A number of other analysts have also issued reports on SMG. Weiss Ratings lowered Scotts Miracle-Gro from a “hold (c)” rating to a “hold (c-)” rating in a research report on Tuesday, October 6th. Citigroup restated an “overweight” rating on shares of Scotts Miracle-Gro in a research report on Monday. UBS Group raised Scotts Miracle-Gro from a “neutral” rating to a “buy” rating and dropped their price objective for the company from $78.00 to $70.00 in a research note on Thursday, October 15th. Wells Fargo & Company boosted their price objective on Scotts Miracle-Gro from $71.00 to $76.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wall Street Zen downgraded Scotts Miracle-Gro from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Five equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat.com, Scotts Miracle-Gro has a consensus rating of “Moderate Buy” and a consensus target price of $73.40.

Scotts Miracle-Gro Stock Performance

Shares of Scotts Miracle-Gro stock traded down $0.86 on Thursday, reaching $66.33. The company had a trading volume of 1,905,713 shares, compared to its average volume of 985,308. The firm’s 50 day moving average price is $55.50 and its two-hundred day moving average price is $61.93. The firm has a market cap of $3.86 billion, a PE ratio of 57.68 and a beta of 1.87. Scotts Miracle-Gro has a 52-week low of $47.90 and a 52-week high of $75.34.

Scotts Miracle-Gro (NYSE:SMG) last issued its quarterly earnings data on Wednesday, November 4th. The basic materials company reported ($2.16) EPS for the quarter, topping the consensus estimate of ($2.21) by $0.05. The firm had revenue of $302.90 million for the quarter, compared to analyst estimates of $306.11 million. Scotts Miracle-Gro had a net margin of 2.19% and a negative return on equity of 81.90%. The business’s revenue for the quarter was down 10.9% compared to the same quarter last year. During the same period in the prior year, the business posted ($2.63) EPS. As a group, sell-side analysts predict that Scotts Miracle-Gro will post 4.39 EPS for the current year.

Insider Buying and Selling

In other Scotts Miracle-Gro news, Director Mark D. Kingdon sold 831 shares of the firm’s stock in a transaction that occurred on Monday, August 10th. The shares were sold at an average price of $61.65, for a total value of $51,231.15. Following the completion of the transaction, the director owned 10,827 shares of the company’s stock, valued at $667,484.55. This trade represents a 7.13% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 24.40% of the stock is owned by corporate insiders.

Institutional Trading of Scotts Miracle-Gro

A number of large investors have recently modified their holdings of SMG. Cassaday & Co Wealth Management LLC purchased a new position in Scotts Miracle-Gro in the first quarter valued at $26,000. Fortitude Family Office LLC grew its stake in Scotts Miracle-Gro by 2,021.4% during the 3rd quarter. Fortitude Family Office LLC now owns 594 shares of the basic materials company’s stock worth $30,000 after purchasing an additional 566 shares in the last quarter. Elevation Wealth Partners LLC increased its holdings in Scotts Miracle-Gro by 394.1% during the 2nd quarter. Elevation Wealth Partners LLC now owns 751 shares of the basic materials company’s stock worth $51,000 after purchasing an additional 599 shares during the period. EverSource Wealth Advisors LLC increased its holdings in Scotts Miracle-Gro by 661.9% during the 1st quarter. EverSource Wealth Advisors LLC now owns 1,219 shares of the basic materials company’s stock worth $74,000 after purchasing an additional 1,059 shares during the period. Finally, Hilltop National Bank increased its holdings in Scotts Miracle-Gro by 81.7% during the 2nd quarter. Hilltop National Bank now owns 1,641 shares of the basic materials company’s stock worth $112,000 after purchasing an additional 738 shares during the period. Hedge funds and other institutional investors own 74.07% of the company’s stock.

Key Stories Impacting Scotts Miracle-Gro

Here are the key news stories impacting Scotts Miracle-Gro this week:

• Positive Sentiment: SMG forecast fiscal 2027 adjusted EPS of $4.70–$4.90 and sales growth of 2%–4%, citing contributions from Black Kow and targeted pricing. The outlook for continued growth helped lift sentiment after the results. Fiscal 2027 outlook
• Positive Sentiment: For fiscal 2026, the company said gross margins expanded, adjusted EPS exceeded its guidance, and it strengthened its balance sheet—evidence of improved financial discipline. Fiscal 2026 results
• Positive Sentiment: One valuation analysis argued SMG could be about 18% undervalued, with the 2027 outlook improving the investment case. This is an analyst/model view, not a company forecast. Valuation analysis
• Positive Sentiment: The company declared a quarterly dividend of $0.66 per share, equivalent to $2.64 annually.
• Negative Sentiment: Fourth-quarter revenue was $302.9 million, below analysts’ $306.1 million estimate and down 10.9% year over year. The adjusted loss of $2.16 per share was narrower than expected, but still a loss. Q4 results and guidance

Scotts Miracle-Gro Company Profile

Scotts Miracle-Gro Company is a provider of consumer lawn and garden products headquartered in Marysville, Ohio. The company develops and markets products designed to help consumers grow and maintain lawns, gardens, landscapes and indoor plants.

Its portfolio includes lawn fertilizers, grass seed, plant food, gardening products, pest-control solutions, soils and related growing supplies. Key consumer brands include Scotts, Miracle-Gro, Ortho and Tomcat. The company also has a history of serving the controlled-environment agriculture and hydroponics markets through specialized growing products and supplies.

Scotts Miracle-Gro was founded in 1868 and has built a broad distribution network serving retail customers, garden centers and other outlets.